Key performance indicators (KPIs) used to measure the effectiveness of yield management strategies for short-term rentals. These metrics include occupancy rate, average daily rate (ADR), revenue per available rental (RevPAR), and length of stay.
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The average expense of basic necessities in a specific location, such as housing, food, transportation, and utilities, influencing pricing strategies for short-term…
Staying informed and adhering to local regulations, tax requirements, and licensing obligations related to short-term rentals in the specific jurisdiction.
The subjective assessment by potential guests of whether the price of a short-term rental aligns with the perceived benefits and amenities offered,…
The use of technology to automate tasks and processes related to hosting, such as guest communication, booking management, and cleaning schedules.